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MARK LANE GARITYADVANTAGE AGENCIES Seniors Choice Group Retiree

Seniors Choice Group Retiree

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Page 1: Seniors Choice Group Retiree

MARK LANE

GARITYADVANTAGE AGENCIES

Seniors Choice Group Retiree

Page 2: Seniors Choice Group Retiree

About Us

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National Field Marketing Organization

Senior Market

Page 4: Seniors Choice Group Retiree

Group Retiree Medical

Medicare AdvantageMedicare SupplementPrescription DrugHospital Indemnity

Final ExpenseSenior DentalCritical IllnessSTC/LTC

Page 5: Seniors Choice Group Retiree

Our Value

Exceptional ServiceComprehensive TrainingMarketing SupportLead Programs

Market Expertise

We’ll show you the path to your success!

Page 6: Seniors Choice Group Retiree

Merchants Benefit Administrators, Inc. (MBA)

Third Party Administrator, Scottsdale, AZ

15+ years administering Seniors Choice

Trust is over 20 years old

Page 7: Seniors Choice Group Retiree

Guarantee Trust Life (GTL)

Mutual Reserve Insurance Co

Founded in 1936

Health

AccidentLifeSpecial Risk

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National Guardian Life

Groups 250 + or…

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Medco

Pharmacy Benefit Manager

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Seniors ChoiceGroup Retiree Medical

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What is it?

Group Medical Plan

Retirees 65+ Active Employees* 65+

Medicare Parts A & B must be active

Medicare must be primary

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Why Seniors Choice?

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#1 Employer concern is rising employee benefit cost

Finding innovative ways to control those costs gives you an edge in getting (or keeping) their group business.

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Who’s it for??

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Tax Equity & Fiscal Responsibility Act of 1982

TEFRA

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20 + = Medicare Secondary

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1 - 19 = Medicare Primary

Non - TEFRA

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Large Companies

At least 20 + Employees

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Seniors Choice is a Group Retiree Plan

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Group Medical and Rx coverage

Retirees only

Contributory or non-contributory

Creditable Part D Plan

Brand Name Coverage through the Gap

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For small companiesFewer than 20 employees

or just 1

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Seniors Choice is a Group Medical Plan for working, benefit eligible employees as

well as retirees

Must be 65+

Must have Medicare Part A & Part B

Available down to 1 life

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Why is carving out Seniors a good idea?

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Reduces the average age of the group =Lower Group Rates

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Lower Rates =

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Employer Contributions are still deductible as Employee Benefit expenses

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Improves coverage and lowers costs for 65+

Reduces out of pocket costs vs most benefit plan designs

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Seniors Choice Features

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Multiple Deductible Options

$0 deductible - $4,000

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No Medical Questions

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See any Medicare Provider

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Extends Hospitalization Coverage

365 Days beyond Part A

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No Primary Care Physician

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No Referrals Necessary

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Creditable Part D Coverage

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Foreign Travel Emergency Care

1st 60 days outside the USA

$50,000 Lifetime max

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EligibilityMust be sponsored by an employer group

Non-Profits

May be sold to: ProprietorshipsPartnershipsLLC’sCorporationsUnionsGovernment Entities

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8% years 1 & 2

7% years 3+

Commissions not payable on Administration Fees

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Questions??

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Thank You!

GARITYADVANTAGE AGENCIES

The Path to Your Success!

www.garityadvantage.com

1-800-234-9488

[email protected]